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Pennsylvania House of Representatives
07/03/2024 05:31 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?SPick=20230&chamber=H&cosponId=42773
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2023 - 2024 Regular Session

MEMORANDUM

Posted: May 30, 2024 02:18 PM
From: Representative Mike Cabell
To: All House members
Subject: The Blockchain Basics Act
 
Blockchain technology represents a significant opportunity for innovation and economic growth in Pennsylvania. The citizens of Pennsylvania agree, with more than 1.5 million owning some form of digital asset. I am introducing the Blockchain Basics Act to lead in this technological revolution and protect our citizens’ rights. This legislation aims to create clear rules for using blockchain and digital assets, ensuring security and encouraging innovation.

The Act ensures that individuals and businesses can accept digital assets as payment for goods and services, keep their digital assets securely, and participate in blockchain activities without special licenses. This approach will make it easier for our citizens and businesses to use and benefit from blockchain technology.

By supporting this legislation, we can make Pennsylvania a friendly place for blockchain innovation and provide our citizens with the tools to engage in the digital economy safely. Please join me in co-sponsoring the Blockchain Basics Act to drive technological advancement and economic development in Pennsylvania. 
 


Introduced as HB2481